Finance Officer at Taimako Community Development

Job Description

• The Finance Officer ensures accurate recording of financial transactions, compliance with regulatory requirements, and the efficient use of financial resources.
• The role involves managing day-to-day financial operations, preparing financial reports, and collaborating with various departments to support overall organizational goals.

Responsibilities
Financial Record Keeping:

• Maintain accurate and up-to-date financial records, including ledgers, journals, and registers.
• Ensure all financial transactions are properly documented, coded, and recorded in accordance with accounting standards.

Budgeting and Forecasting:

• Assist in the preparation of annual budgets in collaboration with relevant departments.
• Monitor budget implementation and provide regular reports on budget variances.
• Contribute to the development of financial forecasts and projections.

Financial Reporting:

• Prepare timely and accurate financial statements, including balance sheets, income statements, and cash flow statements.
• Generate financial reports for management, partners, and regulatory authorities.
• Ensure compliance with accounting principles and donor reporting requirements.

Financial Controls:

• Implement and maintain internal controls to safeguard financial assets and prevent fraud.
• Conduct regular financial audits to identify areas for improvement and ensure compliance with policies.

Cash Management:

• Manage cash flow to ensure adequate funds are available for operational needs.
• Monitor and reconcile bank statements and cash accounts regularly.

Financial Compliance:

• Stay informed about relevant financial regulations and ensure compliance with local and international financial standards.
• Coordinate with internal and external auditors during annual audits.

Vendor Management:

• Process payments to vendors and service providers in a timely manner.
• Negotiate favorable terms with suppliers and maintain good relationships.

Qualifications

• Bachelor's degree in Finance, Accounting, or a related field. Professional certifications (e.g., ACCA, CMA) are a plus.
• Proven experience in financial management, accounting, or auditing.
• Familiarity with financial software and proficiency in Microsoft Excel.
• Strong analytical skills
• Problem-solving skills.
• Excellent organizational and time-management abilities.
• Attention to detail and accuracy in financial reporting.
• Effective communication skills to collaborate with internal and external stakeholders.